According to BitInfoCharts, the first wallet transferred 2,550 BTC, worth an estimated $90 million. The second address transferred about 2,000 BTC, worth $71 million, and the third address transferred about 1,950 BTC, worth $69 million.
The three wallets also have something else in common: the last transaction in each wallet occurred nearly six years ago, on November 5, 2017. Therefore, these wallets have been dormant during the rise of Bitcoin price and its all-time high of more than $69,000. Most of the Bitcoin in the three whale wallets dates back to July 2011 and is associated with F2Pool (a Bitcoin mining pool), indicating that it may have been accumulated through early Bitcoin mining. The three wallets held Bitcoin when Bitcoin was trading below $15.
Whether all three wallets belong to the same person or entity has not yet been confirmed, although wallet history and transaction patterns suggest this is possible.Just days after BTC price hit a new yearly high above $35,000, a Bitcoin whale address holding BTC dating back to 2011 has recently moved.
Many Bitcoin whales and 10+ year old addresses have emerged from hibernation and moved BTC to new addresses in 2023. In early July, a wallet that had been idle for 11 years moved $30 million in BTC, and a month later in August, a Saotshi-era wallet moved 1,005 BTC to a new address.
